Refining

ARTICLES ABOUT REFINING BY DATE - PAGE 2

NEW DELHI: Refined soya oil prices were down by 0.42 per cent to Rs 581.45 per 10 kg in futures trade today as traders reduced positions, driven by sluggish demand in spot markets. In addition, adequate stocks position in the physical market on higher supplies from producing belts put pressure on refined soya oil prices. At National Commodity and Derivatives Exchange, refined soya oil for delivery in August month traded lower by Rs 2.45, or 0.42 per cent to Rs 581.45 per 10 kg with an open interest of 2,14,710 lots.

NEW DELHI: Supported by rising demand at the spot market, refined soya oil prices rose by 0.26 per cent to Rs 586.50 per 10 kg in futures trading today. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in August was trading higher by Rs 1.55, or 0.26 per cent to Rs 586.50 per 10 kg in a business turnover of 2,17,155 lots. Similarly, the oil for delivery in October contracts edged higher by Rs 1.45, or 0.25 per cent to Rs 572.50 per 10 kg in 72,645 lots.

NEW DELHI: Reliance Industries' refinery at Jamnagar in Gujarat is likely to outperform peers to earn stronger margins of USD 9.5 in the current quarter, UBS Global Research has said. In a research note, UBS said Singapore complex refining margins (GRMs) are holding firm at USD 8 per barrel in April-June quarter compared with USD 5.8 gross refining margin (GRM) a year ago. These are however lower than USD 8.5 a barrel of 4QFY15. GRM, or the margin earned on turning every barrel of crude oil into fuel, is driven by strong gasoline margins, better demand and tightened supply due to refinery maintenance shutdowns.

NEW DELHI: Indian units of British telecom major Vodafone have raised Rs 8,800 crore to refinance corporate debt and for other corporate purposes, law firm Shardul Amarchand Mangaldas said today. As per the deal disclosure issued by the firm, Vodafone's Indian units raised Rs 7,500 crore through private placement of rated, unlisted, re-deemable, non-convertible debentures and another Rs 1,300 crore by simultaneous rights issues. "The firm acted as sole transaction counsel in relation to the issuance and private placement of rated, unlisted, re-deemable NCDs of Vodafone Spacetel, Vodafone Cellular and Vodafone South...

JAIPUR: In view of crop damage due to unseasonal rain in the state in the months of February and March this year, Rajasthan government has written to the prime minister for increasing the rate on refinance loan provided to farmers by NABARD from 40 to 50 per cent. In a letter written early this week, Chief Minister Vasundhara Raje said the rate of short term loan provided by NABARD to farmers through district Central Cooperative Banks was reduced from 50 to 40 per cent which was not justified in view of crop damage reported in the state in February-March this year.

NEW DELHI: Refined soya oil prices rose for the third day today gaining 0.83 per cent at Rs 591.20 per 10 kg in futures trading on the back of strong demand in spot markets amid restricted supplies from producing regions. At the National Commodity and Derivatives Exchange , refined soya oil for delivery in far-month August moved up by Rs 4.85, or 0.83 per cent to Rs 591.20 per 10 kg with an open interest of 1,79,075 lots. In a similar fashion, the oil for delivery in June gained Rs 3.55, or 0.59 per cent to Rs 601.10 per 10 kg in 56,635 lots.

NEW DELHI: Rising for the second day in a row, refined soya oil prices today traded higher by 0.46 per cent to Rs 587.90 per 10 kg in futures trade today as speculators enlarged positions, taking positive cues from spot market on firm demand. At the National Commodity and Derivatives Exchange, refined soya oil for delivery in far-month August contract was trading higher by Rs 2.70, or 0.46 per cent, to Rs 587.90 per 10 kg with an open interest of 1,75,595 lots. On similar lines, the oil for delivery in June contracts gained by Rs 2.35, or 0.39 per cent, to Rs 597.90 per 10 kg in 60,180 lots.

NEW DELHI: Amid a pick-up in domestic demand and restricted supplies from producing regions, refined soya oil prices traded higher by 0.68 per cent at Rs 587.80 per 10 kg in futures trading today. At the National Commodity and Derivatives Exchange , refined soya oil for delivery in far-month August contracts moved up by Rs 3.95, or 0.68 per cent, to Rs 587.80 per 10 kg with an open interest of 1,73,080 lots. In a similar fashion, the oil for delivery in June contracts was trading higher by Rs 3.70, or 0.62 per cent, to Rs 598.25 per 10 kg in 63,320 lots.

LONDON: Minerals and mining major Vedanta is eyeing the expected low interest rates in India to refinance its short-term loans of up to USD 1.6 billion (about Rs 10,200 crore) with long-term options in this fiscal ending March 2016. The London-based company has loans worth USD 2.5 billion maturing in 2015-16, of which USD 2.1 billion is with the subsidiaries and the remaining USD 0.4 billion is with the group firm Vedanta Resources Plc. Vedanta Resources CFO D D Jalan has said that with Indian subsidiaries, half of the immediate total maturities of USD 2.5 billion relates to short-term loans taken out in these subsidiaries at a relatively low cost to drive finance costs down in the past, when long term project loans had higher rate of interest.

NEW DELHI: Refined soya oil prices were down by 41 per cent to Rs 602.80 per 10 kg in futures trade today as speculators trimmed positions amid subdued demand in the spot market against adequate stocks position. At National Commodity and Derivatives Exchange , refined soya oil for delivery in June month moved down by Rs 2.50, or 0.41 per cent to Rs 602.80 per 10 kg with an open interest of 82,340 lots. Also, the oil for delivery in August contracts traded lower by Rs 2.15, or 0.36 per cent to Rs 591.75 per 10 kg in 1,61,335 lots.